India may gain from US tariffs on China, Canada, and Mexico

hindustantimes.com November 29, 2024, 10:01 AM UTC

India may see a boost in exports due to new tariffs announced by U.S. President-elect Donald Trump on imports from China, Canada, and Mexico. The tariffs include a 25% increase on imports from Canada and Mexico and a 10% increase on Chinese goods. India was not included in this initial round of tariffs, despite previous criticism from Trump. This exclusion could indicate a desire by the U.S. to strengthen trade relations with India, which is its largest trading partner. Experts have mixed views on the situation. Some believe India could benefit in the short term, while others warn that broader trade policies and potential retaliatory actions from China could negatively impact India's industries, particularly solar energy.


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